Careem launches delivery service as it nears closing a large round

The trip-hailing huge Careem is now in the delivery enterprise as the business seeks new verticals in its at any time-escalating combat versus other providers in the Middle East such as Uber. Starting up with foodstuff delivery in Dhabi and Jeddah, the business sees the delivery service expanding to prescription drugs according to a report by Reuters. Careem is investing over $150m into the service.

“We feel the opportunity for deliveries in the location is even even larger than trip-hailing,” Chief Government and Co-Founder Mudassir Sheikha advised Reuters. “It is heading to turn out to be a extremely major portion of Careem over time.”

Known as Careem Now, the service will operate independently from its trip-hailing enterprise. It will have its personal app and Careem is setting up the service a focused get in touch with centre.

This will come as the business is trying to close a $500m funding round. Back again in October, the business announced it had by now lifted $200m from existing investors. Prior to this announcement, rumors were swirling about the business that various organizations such as Didi Chuxing could receive the business.